M Stock Jumps in Pre-market, Macy’s Releases Better-than-Expected Q1 2021 Report

Macy’s is raising its overall outlook for the rest of the year based on its performance in the first quarter. American omnichannel retailer Macy’s Inc (NYSE: M) has released its Q1 2021 earnings report in which it recorded a comparable sales growth of 62.5% on an owned basis when compared to the same period in 2020. As contained in the official press release, the company’s performance exceeded expectations on both the top and bottom lines. On a per-share basis, Macy’s reported a net income of 32 cents. Earnings, adjusted for…

Nvidia extends limits on crypto mining to newest gaming graphics cards

Graphics card giant Nvidia said that the hash rate limiter on its RTX 3060 graphics cards would also be introduced in other RTX 30 series GPUs in an attempt to disincentivize crypto miners. In an announcement from Nvidia today, the company said it would be applying a reduced Ether (ETH) hash rate to its newly manufactured GeForce RTX 3080, RTX 3070 and RTX 3060 Ti graphics cards. The models will be identified by a “Lite Hash Rate,” or LHR, label, aimed at getting its graphics processing units, or GPUs, to…

Amazon Offers $9 Billion to Buy Out MGM, AMZN Stock Price Increases on Morgan Stanley Forecast

Amazon has offered $9 billion to MGM for a purchase deal, beating other rumored competitors. Currently, talks are still on. Amazon shares climbed in response to a bullish forecast from Morgan Stanley. Amazon.com Inc (NASDAQ: AMZN) is currently looking to buy an American film and television production company Metro-Goldwyn-Mayer Studios Inc (MGM). According to media reports, the two companies are already in talks for a deal set somewhere between $7 billion and $10 billion. Amazon has put in an official $9 billion offer, but the deal is far from done.…

Bitcoin Buy Signal? Chart Master Calls For $29K BTC on CNBC

Still in the red, Bitcoin and the crypto market have held the line in the past day. A bounce back seems feasibly, but not guaranteed. At the time of writing, BTC trades at $42,913 with sideway movement in the 1-hour chart and a 20% correction in the weekly and monthly chart. BTC on a downtrend in the weekly chart. Source: BTCUSD Tradingview The crypto market is uncertain, but there are signals that traders and investors have recognize over the years that suggest buying opportunities. Besides Peter Schiff and his pro-gold/anti…

Fox to Launch NFT Company and New Blockchain-Based Animated Show

Fox’s new blockchain-based animated series “Krapopolis” is a comedy set created by Dan Harmon, popularly known for his science fiction show Rick and Morty. American mass media company Fox is set to launch a non-fungible token (NFT) company a Blockchain Creative Labs, and a blockchain-based animated series. CEO Charlie Collier speaking at this year’s media upfronts revealed that Fox is forming Blockchain Creative Labs to create non-fungible tokens based on the company’s intellectual properties. A statement from Fox revealed that, the marketplace “curate and sell” digital products including one-of-a-kind character…

Broadcast Company Fox to Launch NFTs and a Blockchain-Curated Animated Series – Blockchain Bitcoin News

Fox Broadcasting Company, the American commercial broadcast television network is launching a non-fungible token (NFT) business called Blockchain Creative Labs, according to a recent report. Moreover, Fox is also planning to release a new blockchain-based animated series crafted by Dan Harmon called “Krapopolis.” Fox to Enter the NFT Fray, Aims to Launch an Animated Series Crafted by Blockchain Technology The New York-based television network Fox is a popular company that’s been in business for over 34 years. The corporate broadcasting company operates a variety of entertainment channels including popular shows…

Ethereum-based DeFi platform DeversiFi raises $5M in strategic investments

DeversiFi, an Ethereum-based layer-two decentralized finance platform, has secured $5 million in strategic investments from some of crypto’s biggest venture capital firms, sending a strong signal that demand for DeFi opportunities remains strong.  DeversiFi intends to make DeFi trading more accessible, allowing users to invest, trade and send tokens without having to pay gas fees. The platform announced its DVF governance token on March 25 with a fixed supply of 100 million. The decentralized exchange relaunched as DeversiFi 2.0 in June 2020, incorporating the Starkware kSTARK layer-two scaling technology. Will Harborne,…

Revuto Raises $1.7M in Private Round as Cardano’s First dApp

Revuto seeks to provide necessary tools that will support cryptocurrency as the future of money. A private sale by subscription payment startup Revuto, led by notable investors such as BlackDragon VC, has raised $1.7M in a week. As stated by BlackDragon, “Revuto has shown unparalleled growth in a very short space of time and we’re excited to join its team in this journey and support Revuto and its native REVU token.” Fixing Up the Subscription Economy Revuto is Cardano’s first dApp and seeks to provide a painless, low-cost subscription management…

Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’ – Finance Bitcoin News

Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq listing in mid-April. On Monday, the firm further announced intentions to sell $1.25 billion of convertible debt. Coinbase Shares Drop Below Reference Rate Coinbase Global, Inc. (Nasdaq: COIN) announced on Monday that it intends to sell $1.25 billion of convertible debt depending on market conditions. The company’s first shareholder letter published four days ago explains the firm has noticed strong…

MATIC says 'no' to crypto bears with new all-time highs, weekly gains near 120%

Ethereum infrastructure development platform Polygon’s MATIC token hit new all-time highs on May 18 to become the best-performing cryptocurrency on the day. MATIC/USD 1-hour candle chart (Coinbase). Source: TradingView MATIC hits fresh record high Cointelegraph Markets Pro and TradingView showed MATIC/USD reaching $2.18 during trading on May 18 in firm defiance of the broader market downtrend. After being listed on major exchange Kraken on May 17, MATIC surged, continuing a dramatic uptick that had begun when Kraken released the news earlier this month. VORTECS™ data from Cointelegraph Markets Pro began…